Over the past couple months I’ve taken time to catch myself up on all that’s happened in crypto since my time with Onward Labs, and all I can say is my goodness – the amount of experimentation and innovation has been staggering this year. This is exciting because we are seeing financial services get completely rebuilt in an internet-native way and artists are now able to make a good living creating beautiful NFTs. I’m more optimistic about the future of society because of crypto and this decade will be wild with all the mass consumer use cases that will be built.
At the same time, I’m concerned that the barriers to engage with crypto are higher than ever before. This is a huge problem because it limits the circle of people “in the know” to those who lucked into crypto early as well as their extended networks. It’s no secret that Silicon Valley has had a diversity problem and by comparison crypto’s diversity problem is much worse. If we want crypto to achieve the enormous potential we believe crypto has, we have to make the ecosystem more welcoming and inviting for people from all walks of life who bring their unique lived experiences with them. Then, and only then, will the conditions be set to fulfill crypto’s promise to empower people.
I remember when I was first learning about crypto in 2017 – what a steep learning curve it has been! In fact, every crypto expert – whether the like to admit it or not – went through a steep learning curve and we are all still learning. Now that the next crypto bull run is in full swing, I can’t help but think of the massive learning curve that the influx of newcomers to the space will face.
Back when I was preparing for a career in finance, I recall learning about the basics of finance on Investopedia and how great of a resource it was. I thought to myself – why isn’t there something like this for crypto? Enter Crypto Por Favor. I am building a platform that explains crypto topics in everyday language, meeting people where they are and not using complex crypto jargon as the industry is wont to do. I want it to be a place where anyone can come in from a crypto knowledge base of zero and build up enough awareness to be able to make well-informed decisions about how the want to participate in the evolving ecosystem. I see this as a resource for people, and over time will look to build a community of folks who want to learn among supportive peers in a place where no question is “too dumb.” Oh, and maybe I will experiment with a community token down the road to incentivize people to help build the best crypto onboarding community!
Would love to hear what you think as well as any requests for topics you’d like covered or features you’d like to see. Feel free to reach out on Twitter.
PS – you may be wondering about the rationale behind the name and branding. When I chose the name, I wanted it to evoke a sense of multiculturalism and present a casual, non-intimidating tone. Given my Latin American roots, Crypto Por Favor was a no-brainer as well as its llama mascot, an animal that is typical of the Andes region. 🦙🌄